Man Withdraws $190,000 in $20 Bills After Being Denied A Mortgage

A New Zealand bank irritated the wrong customer by declining his application for a mortgage. After hearing the reason for his rejection, Roger Griffiths decided to make life difficult for the bank and withdrew his savings — $190,000 in $20 bills.

From the Nelson Mail:

Mr Griffiths, a loyal Westpac customer for 25 years, decided to withdraw his money after the bank rejected his application for an $80,000 mortgage. “It’s about time normal people took a stand.”

He said the bank turned down his application because he did not have a regular income as an artist. However, he was a successful artist, exhibiting his paintings at the World of Wearable Art complex, in Christchurch and New York, he said.

He wanted to buy a $385,000 property in Mapua, had $200,000 in cash and was going to sell his $110,000 campervan.

That more than met the bank’s criteria for a 20 per cent deposit, and the property which included a home and commercial premises would have returned $500 a week, he said.

The bank says that if he can provide evidence that he can make regular payments, they’d be happy to have him back. Hey, at least he got a free gym bag out of the deal.